Africa’s Development and the Private Sector: Opportunities and Recommendations for U.S. Policy

For a long time, the growth of Africa’s private sector has been severely constrained by an unfavorable investment climate. Increasingly though, African governments have realized the central role of the private sector in development and have embarked on concerted efforts to improve the business environment. These efforts are bearing fruit and are contributing to sustainable growth. On June 16, the Africa Growth Initiative at Brookings hosted Dr. Manu Chandaria, an internationally recognized businessman, philanthropist and humanitarian, for a seminar on Africa’s development and the private sector. In his presentation, Chandaria reflected on opportunities and recommendations for U.S. policy and wider business ideals for the region. Dr. Ernest Aryeetey, director of the Africa Growth Initiative at Brookings, moderated the discussion among roundtable participants following Chandaria’s remarks.

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